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Side-by-side financial comparison of MARA Holdings, Inc. (MARA) and SentinelOne, Inc. (S). Click either name above to swap in a different company.

SentinelOne, Inc. is the larger business by last-quarter revenue ($258.9M vs $202.3M, roughly 1.3× MARA Holdings, Inc.). SentinelOne, Inc. runs the higher net margin — -23.3% vs -14298.3%, a 14275.0% gap on every dollar of revenue. On growth, SentinelOne, Inc. posted the faster year-over-year revenue change (22.9% vs -5.6%). SentinelOne, Inc. produced more free cash flow last quarter ($20.9M vs $-1.2B).

MARA Holdings, Inc. is an American digital asset technology and cryptocurrency mining company headquartered in Fort Lauderdale, Florida. Founded in 2010, the company initially operated as a patent holding company before pivoting in the late 2010s to focus on blockchain infrastructure and digital assets.

SentinelOne, Inc. is an American cybersecurity company listed on NYSE based in Mountain View, California. The company was founded in 2013 by Tomer Weingarten, Almog Cohen and Ehud ("Udi") Shamir. Weingarten acts as the company's CEO. The company has approximately 2,800 employees and offices in Mountain View, Boston, Prague, Tokyo, and Tel Aviv. The company uses machine learning for monitoring personal computers, IoT devices, and cloud workloads. The company's platform utilizes a heuristic mod...

MARA vs S — Head-to-Head

Bigger by revenue
S
S
1.3× larger
S
$258.9M
$202.3M
MARA
Growing faster (revenue YoY)
S
S
+28.5% gap
S
22.9%
-5.6%
MARA
Higher net margin
S
S
14275.0% more per $
S
-23.3%
-14298.3%
MARA
More free cash flow
S
S
$1.2B more FCF
S
$20.9M
$-1.2B
MARA

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
MARA
MARA
S
S
Revenue
$202.3M
$258.9M
Net Profit
$-1.7B
$-60.3M
Gross Margin
73.8%
Operating Margin
-11795.9%
-28.3%
Net Margin
-14298.3%
-23.3%
Revenue YoY
-5.6%
22.9%
Net Profit YoY
-423.5%
23.1%
EPS (diluted)
$-4.25
$-0.18

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
MARA
MARA
S
S
Q4 25
$202.3M
$258.9M
Q3 25
$252.4M
$242.2M
Q2 25
$238.5M
$229.0M
Q1 25
$213.9M
Q4 24
$214.4M
Q3 24
$131.6M
Q2 24
$145.1M
Q1 24
$165.2M
Net Profit
MARA
MARA
S
S
Q4 25
$-1.7B
$-60.3M
Q3 25
$123.1M
$-72.0M
Q2 25
$808.2M
$-208.2M
Q1 25
$-533.4M
Q4 24
$528.5M
Q3 24
$-124.8M
Q2 24
$-199.7M
Q1 24
$337.2M
Gross Margin
MARA
MARA
S
S
Q4 25
73.8%
Q3 25
75.0%
Q2 25
75.3%
Q1 25
Q4 24
-2613.4%
Q3 24
-1065.0%
Q2 24
-587.6%
Q1 24
-289.4%
Operating Margin
MARA
MARA
S
S
Q4 25
-11795.9%
-28.3%
Q3 25
18.9%
-33.3%
Q2 25
-38.2%
Q1 25
-253.0%
Q4 24
Q3 24
-130.8%
Q2 24
-160.1%
Q1 24
Net Margin
MARA
MARA
S
S
Q4 25
-14298.3%
-23.3%
Q3 25
48.8%
-29.7%
Q2 25
338.9%
-90.9%
Q1 25
-249.4%
Q4 24
5367.4%
Q3 24
-94.8%
Q2 24
-137.6%
Q1 24
204.1%
EPS (diluted)
MARA
MARA
S
S
Q4 25
$-4.25
$-0.18
Q3 25
$0.27
$-0.22
Q2 25
$1.84
$-0.63
Q1 25
$-1.55
Q4 24
$1.60
Q3 24
$-0.42
Q2 24
$-0.72
Q1 24
$1.26

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
MARA
MARA
S
S
Cash + ST InvestmentsLiquidity on hand
$547.1M
$649.8M
Total DebtLower is stronger
$3.6B
Stockholders' EquityBook value
$3.5B
$1.5B
Total Assets
$7.3B
$2.4B
Debt / EquityLower = less leverage
1.04×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MARA
MARA
S
S
Q4 25
$547.1M
$649.8M
Q3 25
$826.4M
$810.8M
Q2 25
$109.5M
$766.9M
Q1 25
$196.2M
Q4 24
$391.8M
Q3 24
$164.3M
Q2 24
$256.0M
Q1 24
$324.3M
Total Debt
MARA
MARA
S
S
Q4 25
$3.6B
Q3 25
$3.2B
Q2 25
$2.3B
Q1 25
$2.3B
Q4 24
$2.4B
Q3 24
$618.7M
Q2 24
Q1 24
Stockholders' Equity
MARA
MARA
S
S
Q4 25
$3.5B
$1.5B
Q3 25
$5.2B
$1.5B
Q2 25
$4.8B
$1.5B
Q1 25
$3.7B
Q4 24
$4.1B
Q3 24
$2.9B
Q2 24
$2.6B
Q1 24
$2.5B
Total Assets
MARA
MARA
S
S
Q4 25
$7.3B
$2.4B
Q3 25
$9.2B
$2.4B
Q2 25
$7.7B
$2.4B
Q1 25
$6.4B
Q4 24
$6.8B
Q3 24
$3.6B
Q2 24
$3.1B
Q1 24
$3.0B
Debt / Equity
MARA
MARA
S
S
Q4 25
1.04×
Q3 25
0.63×
Q2 25
0.47×
Q1 25
0.62×
Q4 24
0.59×
Q3 24
0.22×
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
MARA
MARA
S
S
Operating Cash FlowLast quarter
$-802.7M
$21.0M
Free Cash FlowOCF − Capex
$-1.2B
$20.9M
FCF MarginFCF / Revenue
-598.0%
8.1%
Capex IntensityCapex / Revenue
201.2%
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-2.0B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MARA
MARA
S
S
Q4 25
$-802.7M
$21.0M
Q3 25
$-199.0M
$-1.0M
Q2 25
$-163.4M
$52.3M
Q1 25
$-215.5M
Q4 24
$-677.0M
Q3 24
$-160.1M
Q2 24
$-115.2M
Q1 24
$-88.3M
Free Cash Flow
MARA
MARA
S
S
Q4 25
$-1.2B
$20.9M
Q3 25
$-283.9M
$-1.3M
Q2 25
$-282.4M
$52.1M
Q1 25
$-254.3M
Q4 24
$-927.8M
Q3 24
$-198.1M
Q2 24
$-132.4M
Q1 24
$-97.4M
FCF Margin
MARA
MARA
S
S
Q4 25
-598.0%
8.1%
Q3 25
-112.5%
-0.5%
Q2 25
-118.4%
22.8%
Q1 25
-118.9%
Q4 24
-432.8%
Q3 24
-150.5%
Q2 24
-91.2%
Q1 24
-59.0%
Capex Intensity
MARA
MARA
S
S
Q4 25
201.2%
0.0%
Q3 25
33.6%
0.1%
Q2 25
49.9%
0.1%
Q1 25
18.2%
Q4 24
117.0%
Q3 24
28.9%
Q2 24
11.9%
Q1 24
5.5%
Cash Conversion
MARA
MARA
S
S
Q4 25
Q3 25
-1.62×
Q2 25
-0.20×
Q1 25
Q4 24
-1.28×
Q3 24
Q2 24
Q1 24
-0.26×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

MARA
MARA

Segment breakdown not available.

S
S

US$154.8M60%
Non Us$104.1M40%

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